Why Mattel Stock Popped 5% This Morning

Shares of toymaker Mattel (NASDAQ: MAT) leapt more than 5% in early trading Friday on no obvious news directly relating to the company. As of 12:10 p.m. EDT, Mattel shares have retracted to a still-respectable 3.2% gain in afternoon trading.

Absent news directly relating to Mattel, what could explain this optimism about a toymaker that -- let's be blunt here -- hasn't earned a full-year GAAP profit in more than three years and just missed on earnings again when reporting another loss earlier this week?

Here's one possibility: News media are reporting that trade negotiators are back at work, trying to lay out a framework for implementing a China-U.S. trade deal signed back in January.

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Source Fool.com